Business, general

Ethics and excellence

Article Abstract:

The report of the National Commission on Fraudulent Financial Reporting emphasizes the role of management and directors in setting an ethical tone in operations, and stresses the necessity of strengthened internal controls, accounting systems, and independent audit committees. Managerial accountants need to foster a heightened awareness of ethical issues and need to create a support system for accountants confronted with ethical dilemmas. Accountants are granted wide latitude in selecting and judging which generally accepted accounting practices apply. The National Association of Accountants and the American Institute of Certified Public Accountants need to agree on how much objectivity managerial accountants must maintain to avoid questionable ethical behavior.

Analysis, Reports, American Institute of Certified Public Accountants, National Association of Accountants, National Commission on Fraudulent Financial Reporting

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Can 'ethics' be taught?

Article Abstract:

The issue of whether business ethics can be properly taught by business schools in attracting more attention in the business and educational communities, but debate on the issue has not yielded any firm answers. College-level business ethics curricula can be enhanced through use of studies on ethics, including the National Association of Accountants (NAA) Standards of Ethical Conduct for Management Accountants, the National Commission on Fraudulent Reporting's October 1987 report, and a new (NAA) educational video. The use of these media will help expose students to actual ethical challenges they will face in the business world.